It’s been just reported that the creator of Cardano is revealing the roadmap for NFTs. Check out the latest reports below.
Cardano creator talks about NFTs
The creator of the Cardano (ADA) blockchain is sharing his thoughts on the short history of non-fungible tokens (NFTs).
In a new Twitter space that he hosted, Charles Hoskinson addressed a list of the possible use cases that NFTs could fulfill as the sector develops.
“NFTs are useful for anything that you have a collection of or is connected to something beyond a standardization. So, for example, a deed of land. Mineral rights. Water rights. Any notion of property rights. In the GameFi gaming and decentralized finance] space, any notion of your character progressing throughout the game. Your activities within that game. The special powers that you accumulate, all the rewards that you accumulate – all these things can and should be tokenized at some level.”
He continued and said this:
“They also can represent experiences. They can represent achievements, like diplomas. Credentials. Obviously, if you went to medical school and graduated, that’s specific to you. It’s not fungible – it’s specific. NFTs, as a format, I think in each of those areas, is useful. So it’s actually a larger space than the fungible world.”
Hoskinson also stated the following:
“And you can securitize them. You can take anything that’s an NFT and turn it into something that’s associated with a revenue stream.”
It’s also worth noting the fact that Hoskinson then explained his own interest in the space and how he and the Cardano ecosystem plan to get involved.
During a new YouTube AMA session, Hoskinson addressed some sidechain partnerships and what they look like on Cardano. At the end of last month, Cardano’s Charles Hoskinson had something important to say about the Twitter takeover by Elon Musk.
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